GMX, the on-chain exchange, proposes a new revenue model for its GMX token, replacing ETH buybacks with GMX buybacks to enhance long-term value and preserve real-yield advantages for users. GMX ranks 45th in blockchain revenue.
Icebreaker, an open-source professional network by Coinbase and Google alumni, raised $5M in seed funding at a $21M valuation. The platform uses blockchain for secure endorsements and credential verification, aiming to rival LinkedIn.
Binance Labs invests in aPriori, an MEV-powered liquid staking protocol for Monad, to enhance security, optimize performance, and decentralize the blockchain, reducing gas fees. This underscores Binance Labs’ commitment to advancing blockchain technology.
Ethereum, launched on July 30, 2015, by Vitalik Buterin, celebrates nine years of innovation. Transitioning from Proof-of-Work to Proof-of-Stake in 2022, the network reduced fees with the Dencun update in 2024. ETH now trades over $3300, down from $4868 in 2021.
MarketAcross and Chainlink Labs partner to boost crypto adoption for financial institutions. Key feature: proof of reserve for CETH holders, enhancing transparency and trust. ARKB sees $2.6B net inflows, highlighting growing crypto investment. This collaboration strengthens the crypto ecosystem and encourages institutional involvement.
21Shares integrates Chainlink’s Proof of Reserve to verify Ethereum ETF reserves, enhancing transparency and security for investors. This partnership, announced by CEO Johann Eid, enables real-time, decentralized verification, marking a significant advance in digital asset trust and adoption.
Jito (JTO) has surpassed Lido (LDO) in 24-hour fee generation, earning $3.27M compared to Lido’s $2.94M. However, Lido still leads weekly fees with $20.83M against Jito’s $11.12M. JTO rose 0.58% to $3.16.
Tether’s $USDT supply on the Telegram-linked The Open Network ($TON) blockchain has surged to $580M, with $519M in circulation in under 2 months. The increase follows Binance’s support and TON surpassing Ethereum in daily active addresses. Tether faces scrutiny over alleged fraud. #Update
Digest: Slovenia Issues Eurozone’s First Sovereign Digital Bond
Slovenia has issued the Eurozone’s first sovereign digital bond on the Canton blockchain. This €30M bond, with a 3.65% coupon, is part of the ECB’s digital settlement program. #CryptoNews
FLOW surged 17% after being listed on @OKX_Australia and key network updates. Now trading at $0.6283 with a 361% volume spike to $150M, its market cap hit $950M. Developed by @dapperlabs, Flow supports dApps and digital assets. #Update $FLOW
Nigeria has launched an annual tech training program for 1,000 citizens, focusing on AI, blockchain, and advanced technologies. Supported by a 150,000 naira grant for SMEs, this initiative aims to position Nigeria as a global tech leader. #Update @NITDANigeria #TechTraining #NigeriaTech
Injective (@Injective_) integrates Mountain Protocol’s USDM, allowing users to earn yields on Treasury Bill-backed assets and use the stablecoin as margin for derivatives trading. Helix, an Injective-based DEX, will be the first to offer USDM collateral. #Update
Fireblocks has launched “Fireblocks for Startups,” offering blockchain tools like treasury management, custody wallets-as-a-service, and non-custodial key management. This suite aims to bolster security for growing startups. #Blockchain #Crypto #Update
SingularityNet invests $53M in the first modular AGI supercomputer and advanced AI data centers. The scalable supercomputer, integrating Nvidia, AMD, and Tenstorrent tech, enhances AI collaboration. This move could impact the crypto market by merging AI with blockchain. #AI #Update
